im short 2371 (september contract since i plan on holding through summer) from yesterday i just cant see the bull case here when we are going into the summer and there is a government shutdown looming. If republicans couldnt even repeal obamacare after 8 years of running on it, and we cant even pass a budget year after year, what are the odds significant tax reforms happens?
Smart money would have known that LePen couldnt possibly win the election outright, so the results in france shouldnt even have caused the gap up, its not smart monet buying that IMO. The spinoff looks even worse for her so i dont understand the gap up.
Im small right now but willing to defend this to the highs, or will add if i get confirmation we are going down. I just cant see how the market would take out the highs this summer with where we are, and what we know.
Anyways thats just my thoughts ill let you all know when i get stopped out.
